Forex Trading Tips – Awaiting News Flow

Jarratt Davis

Special Consultant to the FPA
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Originally updated: 08:00am London Time

Trading Bias: Neutral

Currency pair: None

Current Sentiment: Neutral

In today's trading session I will be awaiting news flow to provide opportunities to get into the market as there is no clear sentiment at this point of the session.

Fundamentals:

The overnight session was relatively subdued as newswires were relatively light on market moving news. The Bank of Japan refrained from additional easing, although we saw some minor JPY strength after an unwind of JPY shorts. Overnight we saw some weakness in the USD. It retreated off its highs and provided the major pairs some reprieve.

Technicals:

At this stage of the session, with limited news flow to present a reason to get into the markets I will be waiting for pairs to approach key levels of support/resistance and trade the overall trend in line with the fundamentals. This will of course be in conjunction with any news flow we have that provides the market with fresh sentiment and a reason to start getting involved in the market.

Other Market Moving News:

On today's calendar we have Swiss CPI, with US Crude Oil Inventories and FOMC minutes later in the US session.


P.S - If you want to learn more about how I trade, check out this link below

Forex Peace Army - Jarratt Davis


 
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